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SIDBI sanctioned Financial Assistance to AU SFB and Jana SFB

Published on January 20, 2022
Current Context: The Small Industries Development Bank of India (SIDBI) has granted financial assistance support to two small finance banks (SFBs) namely: AU SFB and Jana SFB.
SIDBI sanctioned Financial Assistance to AU SFB and Jana SFB
  • The financial assistance of Rs 650 crore was sanctioned to both the SFBs.
  • The funds will be utilized to finance companies and Micro Finance Institutions (MFIs).
  • Due to this, various businesses will receive support to tackle the crisis raised due to pandemics in business activities.
  • The informal MSME sector will be highly benefited from this support.
  • Static Part: 
    • HQ of SIDBI: Lucknow, UP
    • Chairman and MD of SIDBI: S Ramann

Question: 

Q.1 SIDBI to grant financial assistance of Rs 650 crore to which of the following SFBs?
a. AU SFB
b. Equitas SFB
c. Jana SFB
d. Both (a) and (c)
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